UK's Under-40 Wealth Share Drops Amid Housing Gap and Pension Divide

UK under-40s' share of wealth has fallen sharply from 2010-11 to 2019-20 amid intergenerational divide
Property ownership is major factor - under-40s more likely renting than owning appreciating homes
Older groups have seen property and pension wealth grow significantly
Trend threatens rise in pensioner poverty as younger people save less for retirement
Number of over-65 private renters projected to double by 2046, straining incomes versus homeowners

theguardian.com

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Posted 9/10/2023, 11:54:00 AM